My friend interested in investing in BTC but the friend's father does not agree

[Ojima-ojo]

As it stands, I believe the best possible advice is not to your friend but to you, since you are already handling a banned asset in your country and trying to introduce it to your friend and the father is kicking against my fear is how sure are you that the father of your friend will not see you as a bad influence to the son and try to report you to the law enforcement office?


I suggest you best avoid the idea of introducing Bitcoin to your friend, let him be and if he wants to take the risk then he can figure out how to do so, bitcoin is not a referral network so at that introducing it to somebody won't add anything to your pocket so at that you have nothing to gain regardless whether or not your friend invests in it.

[1714501648]

1714501648

[KiaKia]

That's your friend's problem, if parents are the ones deciding for their sons when they are not more a kid then it's nonsense, if I were the friend I would not let my father be aware that I have interest to invest in Bitcoin.

He should have known his father better, why did he told him about Bitcoin when he knew he won't agree? Is the son still getting feed by his father? Is this a yes then that's the problem, tell your friend to man up and start making decisions for himself.

His father will thank him later in the future.

[abaeze]

Since your friend wants to invest in Bitcoin, you should inform him about the risks of investing in Bitcoin in his country. He should be advised to use P2P exchange to avoid risk. There is a lot to learn when investing in Bitcoin, so get advice from people who have invested in Bitcoin that you know or who have gained a lot of experience in investing in Bitcoin, learn as a beginner without worrying about profit and after gaining experience, be sure that you can. One thing that is very important is to learn to invest in Bitcoin with risk and then gain experience from it.

[Finestream]

Investing in bitcoin does not necessarily mean that he’ll leave his job after he will make consistent profits. Your friend should be highly practical and that he should keep his job while doing bitcoin investing as his side hustle. And if bitcoin is really banned in your country, then let your friend decide on it if he’ll take the risk or not. Tell him to DYOR first before he gets to invest in bitcoin, that way his job will not be put at risk if he continue to invest in bitcoin.

[DanWalker]

Your friend getting a job in the government with a pretty high salary is what many people dream of, and above all, it guarantees his future. Meanwhile, bitcoin is illegal in your country, and he is a government employee. If unfortunately, they find out he is secretly investing in bitcoin, his job and future will surely disappear.

Honestly, it's hard to give advice in this case. Bitcoin is a very promising investment, but if it were me, I would advise him not to rush to invest in bitcoin and focus well on his current job, as it will ensure his future, and bitcoin is not guaranteed. Bitcoin still has unforeseen risks. In his case, comparing bitcoin investment and his current job, his job is much more promising and safer than bitcoin. So he doesn't really need a trade-off. I will support his father's point of view.

[minairia3]

Don't give bitcoin investment advice to anyone, especially if you live in a country where bitcoin is banned. It is not only causing trouble for you but also for your friends. If it were me, I would continue to do that nice job because, with the high salary and bright future, there is nothing to risk in investing in bitcoin. Instead, I will work hard and wait, because the government cannot ban bitcoin forever, sooner or later, they will lift the ban, and it is never too late to invest in bitcoin.

[wahyuagung26]

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

We think Bitcoin and investing do not transfer professions or make him lose his job, Investment does not require them to be Full time in it and this applies to all Investments, maybe it's just that it requires them to maintain or watch market developments, and this is not for all time, even it doesn't take half the time to do it, maybe he's banned, but it looks like if he himself is interested we think it can still be done quietly.

To be honest he is interested in a very good field, but it's just a family ban factor, this actually doesn't really impact his goals, with technology we think he can achieve both on the one hand he maintains his passion to invest in Bitcoin and on the other hand he can carry out his work without pressure from his investment.

[m2017]

~snip

Just stay out of the way and let your friend do as they please. His life for his decisions. If in your country crypto is prohibited and your friend is also a civil servant, then he simply doesn't need to tell anyone about his investments. Taking precautions is unlikely to jeopardize his work and career. Another moment with his father's ban. Your friend should already be a big boy to make his own decisions, unless, of course, he is still dependent on his father, and in general, he should not have advertised his plans to his father. The older generation is very unlikely to understand the interest in crypto and they are not advisers in this area at all, because they know absolutely nothing about new technologies. Of course, this is not about all, but about the general trend. So, let your friend act as he intended, just keep quiet about his investments in job and with parents.

[GigaBit]

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

There are various restrictions in government jobs such as any anti-national act or violation of law is a punishable offense. He should not be encouraged to invest in Bitcoin as it is not legal in your country. Because if he gets into any problem then he will blame you. You can share with him the pros and cons of investing in Bitcoin and if he joins on his own, you can help him. Many such countries have been able to earn big money investing in Bitcoin despite not having Bitcoin legalization. It will totally depend on your friend what he wants to do.

[Furious 7]

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

There are several points that I'm interested in this, first maybe because of the bitcoin ban in your country I'm actually curious where you live because in this case I'm a little confused whether the ban is loose or not because if you really see the condition of bitcoin there it's illegal but it's still possible to is in bitcoins.
Secondly, parents' concerns may influence this matter because indeed in the mirror of things that are in an illegal direction, of course this is a violation of the rules and maybe parents are worried about it so they don't really agree with it. and the last thing is I still feel in this case when indeed we are already in the age or adult phase we actually have to be able to exercise control over ourselves. good or bad, we must be prepared to endure it regardless of the bond between father and child. In fact, when your friend is an adult, of course the path he takes must be according to his will because this is certain, because if he is always forced to submit, the child will not develop in this matter.
As for bitcoin and the investment that he did, if it does violate and there is a penalty if it is done then it's best to wait for this to subside but if the decision has been made then I think it's back to him. he is an adult and that means he knows what to do for himself.

[skarais]

When I gave a positive idea about the present and future of Bitcoin, the friend showed great interest in Bitcoin and expressed interest that he would invest a certain part of his salary in Bitcoin at the end of the month.
But when the friend's father found out about this, he forbade him to invest in bitcoins and later predicted that he would be banned by the government and that he would have problems with his job. Yes but it is true that there is a possibility of loss if the government staff comes to know about this investment during government office.

So, do you feel guilty after suggesting your friend invest in bitcoin and you wish you could stop his interest knowing his parents disapproved of it?

First, you have introduced the best investment assets to your friends, that's great. Your friend is already interested in bitcoin because maybe he knows what the future potential of bitcoin is, so I think you just need to guide him not to open up to anyone about his investment. Let him choose his own path and his investments, and I hope you don't feel responsible for your attempts to introduce bitcoin to your friends.

[sokani]

Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

Some of us here are working for the government, some are working in private firms while some have their own companies or businesses and we still invest in Bitcoin, so I don't know why your friend cannot do both. You should encourage your friend to invest in Bitcoin because Bitcoin is financial freedom, it actually puts power into the hands of the people but sadly your government does not want this to happen, that's they came up with the ban. My advice is for him to be very discreet about his investment to avoid landing himself in any sorts of trouble.

[Cryptomultiplier]

When I gave a positive idea about the present and future of Bitcoin, the friend showed great interest in Bitcoin and expressed interest that he would invest a certain part of his salary in Bitcoin at the end of the month.
But when the friend's father found out about this, he forbade him to invest in bitcoins and later predicted that he would be banned by the government and that he would have problems with his job. Yes but it is true that there is a possibility of loss if the government staff comes to know about this investment during government office.

Let him choose his own path and his investments, and I hope you don't feel responsible for your attempts to introduce bitcoin to your friends.

Ideally, it might be considered reckless in most cultures to not follow in the father's foot step, mostly as regards work and investment strategies, because the parents shape the economic view point of their children till adulthood when they earn for themselves. It would rather be wierd also if the father goes to work and the child stays back home to trade BTC. The father may think he is into internet fraud or scams if he isn't too enlightened to figure out.

Your friend has a future insight and that is why it is against his father's wish, because a slow and steady paycheck at the months ends is a successful endeavour compared to being subjected to price fluctuations, market trends and volatility affecting profits from an investment in Bitcoin.
Bitcoin investment is riskier compared to an investment with fiat that has been saved up or borrowed. However the view point, it is important your friend understand that not all your investment is family business. Some you got to do and find out for yourself, inorder to make it big time.

[someone703]

While privacy is a valid consideration for every cryptocurrency user, it is essential to comply with your country's laws and regulations. Using secure tools to browse the internet can help promote privacy, but it's important to use them responsibly and within the law. When it comes to storing bitcoins, using a secure wallet is very important. Hardware wallets, such as those offered by reputable manufacturers, are generally considered a safe option. However, it's important to follow the right security protocols when using any storage method and understand the risks associated with homemade cold storage solutions.

[darkangel11]

An important thing to tell you is that in the country we live in, all types of cryptocurrencies including Bitcoin are officially banned and anyone involved in illegal transactions is subject to severe penalties.

Probably a Muslim country like Bangladesh, Afghanistan... This would explain the authority his father has over him. In Western countries even if the use of bitcoin was restricted young men would not have to ask their parents if they can spend their on money on an investment of their choice.

As my friend works in government job and gets a good amount of salary with various bonuses and allowances at the end of the month and has quite a good amount of money left over after expenses.

As a government worker, unfortunately he should obey the laws, or risk getting fired. It's either government job or the life of disobedience and libertarian freedom

[Sanitough]

Your friend getting a job in the government with a pretty high salary is what many people dream of, and above all, it guarantees his future. Meanwhile, bitcoin is illegal in your country, and he is a government employee. If unfortunately, they find out he is secretly investing in bitcoin, his job and future will surely disappear.

Honestly, it's hard to give advice in this case. Bitcoin is a very promising investment, but if it were me, I would advise him not to rush to invest in bitcoin and focus well on his current job, as it will ensure his future, and bitcoin is not guaranteed. Bitcoin still has unforeseen risks. In his case, comparing bitcoin investment and his current job, his job is much more promising and safer than bitcoin. So he doesn't really need a trade-off. I will support his father's point of view.

I agree. This is really a risky decision for your friend. He can be successful with bitcoin investment later on but if that would mean losing his stable job, I don’t think it’s reasonable enough. He should still chose his job over bitcoin especially that bitcoin is currently banned in your country. However, he can wait for the right time to invest and that is when your country will lift their ban on bitcoin. I guess it’s highly possible especially that most countries these days have been more open minded about bitcoin and crypto. Tell him to be more patient instead.

[Wiwo]

Investing in bitcoin does not necessarily mean that he’ll leave his job after he will make consistent profits. Your friend should be highly practical and that he should keep his job while doing bitcoin investing as his side hustle. And if bitcoin is really banned in your country, then let your friend decide on it if he’ll take the risk or not. Tell him to DYOR first before he gets to invest in bitcoin, that way his job will not be put at risk if he continue to invest in bitcoin.

Thank you and I think you are one of the few people who share my line of thoughts to this discussion because I don't see what the issues are in this case since the op friend is working and earning a good salary, nothing to him from holding a few of tthat throwaway moneyin bitcoin and be consistent with that for some time to be able to accumulate enough bitcoin in the long run, this will change the face of things and the father will thank the son for taking such a wonderful decision give it 4-5 year's ahead.

[Dzwaafu11]

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

Given that I cannot advise your friend on what to do and I can also said  you should not advise him whether to invest or not in bitcoin to avoid any other blame that will be on you when the market turn up side down, all you need to do is do your best to educate him about bitcoin  and the risk behind Bitcoin investment and everything he needs to know before investing his money in it, such as how the market works, what bitcoin investment is, and so on.
 
I take bitcoin investment as a side job rather than just the work I will do, once I invest, I only need to manage the private key and do other necessary tasks to keep my coin safe. However, bitcoin investment cannot make your friend stop paying attention to his job; your friend can invest the amount of money he wishes to and continue his job.

[taufik123]

-snip-As my friend works in government job and gets a good amount of salary with various bonuses and allowances at the end of the month and has quite a good amount of money left over after expenses.

As a government worker, unfortunately he should obey the laws, or risk getting fired. It's either government job or the life of disobedience and libertarian freedom

Many government employees today are even breaking the law. If he just wants to violate using Bitcoin or investing it can be done in a hidden way.
But a country that completely bans Bitcoin is a country that cannot accept technological progress.

I agree. This is really a risky decision for your friend. He can be successful with bitcoin investment later on but if that would mean losing his stable job, I don’t think it’s reasonable enough. He should still chose his job over bitcoin especially that bitcoin is currently banned in your country. However, he can wait for the right time to invest and that is when your country will lift their ban on bitcoin. I guess it’s highly possible especially that most countries these days have been more open minded about bitcoin and crypto. Tell him to be more patient instead.

If it is really prohibited to the point of causing his main job to be a threat, then it will be a longer problem.
Choose the main job first if Bitcoin Investment will threaten the main job.

What I know is that countries that ban Bitcoin completely are the only countries that do not want to accept technological advances from outside.
I who live in the country of Indonesia also have rules for using cryptocurrency.
Regulations are set only as commodity assets and are not allowed to be used as legal tender to replace Fiat.

-snip-
nothing to him from holding a few of tthat throwaway moneyin bitcoin and be consistent with that for some time to be able to accumulate enough bitcoin in the long run, this will change the face of things and the father will thank the son for taking such a wonderful decision give it 4-5 year's ahead.

Consistently collecting Bitcoin or doing DCA with your monthly salary is even better.
In the long run, it will provide returns that will surprise anyone.
4-5 years may be enough time to reach the new ATh and it will likely be higher than the current price.

[South Park]

I will mention some things for everyone which is very important and based on your suggestions I will suggest my friend to invest on Bitcoin or prohibit not to invest on Bitcoin.
We were some friends passed higher secondary in 2019, among them one of my close friend who is in govt job but he is not into Bitcoin even he has no idea about this forum.
An important thing to tell you is that in the country we live in, all types of cryptocurrencies including Bitcoin are officially banned and anyone involved in illegal transactions is subject to severe penalties.
As my friend works in government job and gets a good amount of salary with various bonuses and allowances at the end of the month and has quite a good amount of money left over after expenses. When I gave a positive idea about the present and future of Bitcoin, the friend showed great interest in Bitcoin and expressed interest that he would invest a certain part of his salary in Bitcoin at the end of the month.
But when the friend's father found out about this, he forbade him to invest in bitcoins and later predicted that he would be banned by the government and that he would have problems with his job. Yes but it is true that there is a possibility of loss if the government staff comes to know about this investment during government office.

But my friend is not listening and instead he will invest on Bitcoin. I don't know what kind of suggestion I should make to my friend in such a situation. Should I ask my friend to invest in Bitcoin? Or ask to pay more attention to his job?

In my opinion this is a very clear case, cryptocurrencies are banned on the country where you are living, now if you already bought bitcoin when it was legal then you could just wait until it was legal again to sell it or do whatever you want with it, but there is no point for your friend in risking his job and his future over bitcoin, he should just respect the law and patiently wait until the government of their country changes their mind about bitcoin and this market.